Socios fan tokens rally 40%+ after Chiliz rolls out mainnet upgrade and token...
A new exchange listing, mainnet launch and competitive token burn mechanism led to a sharp rally in Socios fan tokens. In times of high stress and market turmoil, sports entertainment has served as a valuable escape for people around the world as they get a chance to root for their favorite players and teams while briefly forgetting about the worries of the world. Amid the ongoing market volatility and falling crypto prices, sports fans have cause to rejoice as multiple fan tokens have bucked the downtrend on May 18 to post 40% plus gains. Top 7 coins with the highest 24-hour price change.....
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The Coincheck crypto exchange will list Chiliz and Socios fan tokens on its new NFT marketplace. Japanese cryptocurrency exchange Coincheck has partnered with major global fan token makers, Chiliz and Socios, Cointelegraph Japan reports.As part of the new partnership, Coincheck will list Chiliz and Socios’ fan tokens on Coincheck's non-fungible token, or NFT, marketplace, the company announced Monday. Coincheck originally announced that it was considering launching an NFT platform in August 2020. According to the latest announcement, Coincheck’s platform has already listed several NFTs for....
Debuting in June, the new UFC fan token will have a maximum supply of 20 million. The Ultimate Fighting Championship, the largest mixed martial arts association in the world, is launching its own blockchain-based fan token.The UFC officially announced on Tuesday that it will debut a UFC Fan Token on fan engagement and rewards app Socios.com. Minted on the Chiliz blockchain, the token is scheduled for launch in June and will have a maximum supply of 20 million tokens.Similar to other fan tokens from Chiliz and Socios, the UFC fan token is designed to enable new fan engagement opportunities....
Socios will become the digital meeting place for “Gooners,” the term used since the 1980s to describe Arsenal fans. English Premier League stalwart Arsenal F.C. is launching a new fan token in partnership with Socios, giving its supporters the ability to influence club decisions and access team-related content. The partnership makes Socios the main digital meeting place for Arsenal’s fanbase, according to a Monday announcement from Chiliz, the exclusive cryptocurrency of the Socios platform. By holding AFC Fan Tokens, Arsenal fans will have “countless engagement opportunities” with the....
In a further sign of mainstream acceptance, Inter Milan has announced Socios, which operates on the Chiliz blockchain, as its new main shirt sponsor. This ends a 26-year partnership with outgoing main sponsor Pirelli. Part of the Socios deal will see the launch of the new fan token, $INTER. The club hopes this will boost […]
All fan tokens across Socios and Chiliz’s fan token ecosystem have sold for $250 million so far, founder and CEO said. The fan token market has been growing in value this year, surging around $157 million in terms of total market capitalization since June.According to data from major fan token website FanMarketCap, the market cap of all fan tokens is estimated to amount to slightly over $417 million at the time of writing. This is almost 60.4% up from the overall value of $260 million recorded in mid-June 2021, as Cointelegraph previously reported.The fan token market’s daily trading....